1. The timing differences have been computed based on the items considered in final / provisional return of income filed/to be filed for the tax year ending immediately after the respective accounting year as the accounting year followed is different from the tax year.

? Statutory tax rate includes aDDlicable surcharge, education cess and higher education cess of the year concerned.

ANNEXURE 36: SEGMENT INFORMATION

The Company is engaged in the business of construction of Infrastructure Projects , primarily, Sewer, Sewer Treatment plants, Water Tanks, Water treatment plants, Road sector development, Electrification Development and its Transmission and Distribution Infrastructure and Building Construction Work.Based on similarity of activities, risk and reward structure, organisation structure and internal reporting system , the company has structured its operations into single operating segment and hence there is no reportable segment as per AS-17 "Segment Reporting".

Gratuity & Leave Encashment - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. This method considers each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation.

Interest cost: It is the increase in the Plan liability over the accounting period resulting from the operation of the actuarial assumption of the interest rate.

Current Service Cost: is the discounted present value of die benefits from the Plan's benefit formula attributable to die services rendered by employees during the accounting period.

Actuarial Gain or Loss: occurs when the experience of the Plan differs from that anticipated from the actuarial assumptions.

It could also occur due to changes made in the actuarial assumptions.

The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method i.e. projected unit credit method has been applied as that used for calculating the defined benefit liability recognised in tire balance sheet.

Defined benefit liability and employer contributions

The weighted average duration of the defined benefit obligation is 8 years (March 31, 2023 :7 years,March 31,2022: 8 years and March 31.2021: 8 years).

(1) The discount rate indicated above reflects the estimated timimg and currency of benefit payments. It is based on the yield/rates available on applivable bonds as on the current valuation date.

(2) The Salary growth indicated above is the Company's best estimate of a increase in salary of the employees in future years,determined considering the general trend in inflation, seniority, promotions , past experience and other relevant factors such as demand and supply in employment market.

The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method i.e. projected unit credit method has been applied as that used for calculating the defined benefit liability recognised in the balance sheet.

Annexure No : 41 OTHER DISCLOSURES

(i) The title deeds of immovable properties are held in the name of Company.

(ii) The Company has not revalued its Property, Plant and Equipment during the reporting years.

(iii) Loans and Advances granted to Promoters, Directors, KMP and Related Parties: The

Company has made investments in but not provided any guarantee and or security or granted loans or advances during the period in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties.

(iv) There are no proceedings initiated or pending against the Company for holding any benarni property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988).

(v) The Company has working capital limit and is required to submit statements with banks and other financial institutions and as told and certified by tire management of the company that all the statements submitted by the company are in agreement with the books of account.

(vi) The Company is not declared as wilful defaulter by any bank or financial institution or other lender.

(vii) The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013.

(viii) The Company do not have any charge to be registered with Registrar of Companies beyond the statutory period.

(ix) The Company has subsidiary with one layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

(x) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(xi) (a) The Company has not advanced or loaned or invested any funds (either from borrowed funds or share premium or any other sources or kind of Funds) or in any other persons or entities including foreign entities with the understanding whether recorded in writing or otherwise that the intermediary shall, whether directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company or provide any guarantee, security or the like on behalf of the ultimate Beneficiaries.

(b) That no funds have been received by the company from a-rfY persons or entity including foreign entities with the understanding, whether

recorded in writing or otherwise, that the company shall directly'fa indirectly, lend or invest in other persons or entities identified in any manner

whatsoever by or on behalf of the funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

"O

Short-term borrowings are debts which are due for repayment within 12 months from reporting year ^ ended March 31/2024.

2 Long-term borrowings are considered as borrowing other than short-term borrowing.

The amounts disclosed above are based on the Restated Statement of Assets & Lial^ities as at March

³ 31/ 2024.